RSS Feed

Calendar

March 2024
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Search

Tag Cloud

Archives

MarketWatch (June 7)

2023/ 06/ 08 by jd in Global News

“The Bank of Canada delivered another reminder to U.S. investors Wednesday that pressing ‘pause’ on interest rate hikes doesn’t necessarily mean the monetary tightening cycle is over.” The central bank “surprised traders” by lifting rates a quarter percentage point after a four-month pause. The move came just after the “Reserve Bank of Australia on Tuesday delivered a second straight rate hike after having ended a short pause of its own.”

 

Bangkok Post (September 2)

2022/ 09/ 03 by jd in Global News

“Many developing countries are teetering on the edge of a debt crisis, with the Covid-19 pandemic, soaring food and energy costs, and the monetary tightening of major economies all threatening to push them over.” Lebanon, Sri Lanka and some other countries have already teetered. “As of the end of March, 38 of 69 low-income countries were either already in or at high risk of debt distress. Middle-income developing countries’ debt-service burden is at its highest level in 30 years.”

 

[archive]